Gold prices declined on Monday, falling to their lowest level of the year as investor risk appetite held up despite the latest data showing China's 2018 economic growth slowing to a near three-decade low.
Comex gold futures were down $5.35, or around 0.4%, to $1,277.25 a troy ounce by 7:40AM ET (12:40 GMT). The precious metal hit a low of $1,276.80 earlier, the weakest since Dec. 28.
There will be no floor trading on the Comex on Monday because of the Martin Luther King Day holiday in the...

Gold held a drop as the dollar gained amid signs of strength in the U.S. economy and on optimism steps are being taken toward a U.S.-China trade truce.
Data on Friday showed U.S. factory production expanded in December by the most in 10 months. A separate report said that China had offered to buy more U.S. goods to eliminate the trade imbalance.
Still, some risk aversion in markets spurred investors to pour into bullion-backed exchange-traded...

Gold prices held steady on Monday as expectations that the U.S. Federal Reserve will pause its multi-year interest rate hike cycle were offset by improving risk appetite.
Spot gold was up 0.1 percent at $1,282.80 per ounce by 07:48 GMT, while U.S. gold futures were steady at $1,282.10 an ounce.
Less than two weeks ahead of the U.S. central bank's first policy meeting of the new year, Federal Reserve officials have left little doubt that they want to stop raising interest rates - at least for...

Hong Kong stocks extended gains in the first few minutes of Monday as investors grow optimistic of a breakthrough in China-US trade talks.
The Hang Seng Index climbed 0.16 percent, or 43.46 points, to 27,134.27.
The benchmark Shanghai Composite Index gained 0.12 percent, or 3.05 points, to open at 2,599.06 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.12 percent, or 1.57 points, to 1,323.71.
Source : AFP

Discussions between the U.S. and China over allegations that the latter has engaged in decades of intellectual property theft have gone nowhere, Bloomberg News reported Monday.
The topic was the top of the agenda in recent trade talks between the two, but there was little in the way of constructive progress over what to do, said the report. In public, China denies the accusations of IP theft, but late last year proposed a new law to ban companies from new financing, such as issuing bonds, if...

Federal Reserve Chairman Jerome Powell endorses further, gradual increases in interest rates, saying that strategy is the best way to steer between the risks of doing too much and harming the economy or doing too little and letting it overheat.

œI see the current path of gradually raising interest rates as the FOMC™s approach to taking seriously both of these risks, he says in text of speech at Fed™s annual policy symposium in Jackson Hole, Wyoming

œWith solid household and business confidence, healthy levels of job creation, rising incomes, and fiscal stimulus arriving, there is good reason to expect that this strong performance will continue

œI am confident that the FOMC would resolutely ˜do whatever it takes™ should inflation expectations drift materially up or down or should crisis again threaten

œWhile inflation has recently moved up near 2 percent, we have seen no clear sign of an acceleration above 2 percent, and there does not seem to be an elevated risk of overheating

œThis is good news, and we believe that this good news results in part from the ongoing normalization process, which has moved the stance of policy gradually closer to the FOMC™s rough assessment of neutral as the expansion has continued

œAs the most recent FOMC statement indicates, if the strong growth in income and jobs continues, further gradual increases in the target range for the federal funds rate will likely be appropriate

Gold prices declined on Monday, falling to their lowest level of the year as investor risk appetite held up despite the latest data showing China's 2018 economic growth slowing to a near three-decade low.
Comex gold futures were down $5.35, or around 0.4%, to $1,277.25 a troy ounce by 7:40AM ET (12:40 GMT). The precious metal hit a low of $1,276.80 earlier, the weakest since Dec. 28.
There will be no floor trading on the Comex on Monday because of the Martin Luther King Day holiday in the...

Gold held a drop as the dollar gained amid signs of strength in the U.S. economy and on optimism steps are being taken toward a U.S.-China trade truce.
Data on Friday showed U.S. factory production expanded in December by the most in 10 months. A separate report said that China had offered to buy more U.S. goods to eliminate the trade imbalance.
Still, some risk aversion in markets spurred investors to pour into bullion-backed exchange-traded...

Gold prices held steady on Monday as expectations that the U.S. Federal Reserve will pause its multi-year interest rate hike cycle were offset by improving risk appetite.
Spot gold was up 0.1 percent at $1,282.80 per ounce by 07:48 GMT, while U.S. gold futures were steady at $1,282.10 an ounce.
Less than two weeks ahead of the U.S. central bank's first policy meeting of the new year, Federal Reserve officials have left little doubt that they want to stop raising interest rates - at least for...

Hong Kong stocks extended gains in the first few minutes of Monday as investors grow optimistic of a breakthrough in China-US trade talks.
The Hang Seng Index climbed 0.16 percent, or 43.46 points, to 27,134.27.
The benchmark Shanghai Composite Index gained 0.12 percent, or 3.05 points, to open at 2,599.06 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.12 percent, or 1.57 points, to 1,323.71.
Source : AFP

Discussions between the U.S. and China over allegations that the latter has engaged in decades of intellectual property theft have gone nowhere, Bloomberg News reported Monday.
The topic was the top of the agenda in recent trade talks between the two, but there was little in the way of constructive progress over what to do, said the report. In public, China denies the accusations of IP theft, but late last year proposed a new law to ban companies from new financing, such as issuing bonds, if...